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Posts categorized: bankruptcy in business

Divorce and Bankruptcy


Are you facing a potential double whammy – divorce and bankruptcy? Many people cite divorce as a leading reason for bankruptcy filings, and others indicate that bankruptcy or financial issues are a leading reason for the divorce. So, as you can see, there are many instances where divorce and bankruptcy are not only interrelated but also intertwined. Let’s take a...

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Changing Demographics of Bankruptcy Filers


In the 12-year span from October 1, 2005, to September 30, 2017, about 12.8 million consumer bankruptcy petitions were filed in the federal courts, (U.S. Courts). That breaks down to almost a million consumers a year. If you were one of the millions who did find the need to file, did you feel alone or like it was the end...

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The Red Flags Warning of Bankruptcy


  Debt can sneak up on some people, slowly, month-after-month. Some individuals may not realize just how bad it is, until it is too late to take action and “turn the ship around,” so to speak. Here are several warning signs that you may be headed toward a financial situation that may end in bankruptcy.   Behind on Your Bills...

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Recovery After Bankruptcy


Are you one of the 755,000 Americans who filed for bankruptcy last year? If you are, you probably found out that bankruptcy is not the end of the world. In fact, the relief from harassing calls from creditors and the onslaught of bills can be freeing. Now that you have a financial clean slate, it is time to start planning...

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Avoiding Bankruptcy


Bankruptcy is never the end of the world. In fact, for many who have been struggling with debt,  it is the start of a new beginning. Medical debt, divorce, or loss of employment can be a harsh blow that can push many to consider bankruptcy. For individuals, Chapters 7 and 13 are viable options to get out from under crushing...

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Bankruptcy and Business: Deciding on the Right Chapter to File for Bankruptcy


Frequently in this blog, we touch on the manner in which bankruptcy impacts business.  Many big-name businesses have been facing financial difficulties or have even filed for bankruptcy in recent months, such as Sears, Gibson Brands Inc., and Andy Warhol’s Interview magazine, just to name a few. It seems scary that these businesses have been facing financial adversity, seeing as...

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